Universal Electronics Inc. (NASDAQ:UEIC) Stock Position Reduced by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 43.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,626 shares of the technology company’s stock after selling 45,043 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Universal Electronics were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of UEIC. Ancora Advisors LLC bought a new position in Universal Electronics during the 4th quarter worth approximately $1,703,000. Peapod Lane Capital LLC bought a new position in Universal Electronics during the 4th quarter worth approximately $1,215,000. Russell Investments Group Ltd. lifted its holdings in Universal Electronics by 109.6% during the 4th quarter. Russell Investments Group Ltd. now owns 129,922 shares of the technology company’s stock worth $1,429,000 after buying an additional 67,939 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Universal Electronics by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company’s stock worth $4,987,000 after buying an additional 50,003 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in Universal Electronics during the 4th quarter worth approximately $326,000. Institutional investors own 79.35% of the company’s stock.

Insider Activity at Universal Electronics

In other Universal Electronics news, Director Eric Singer bought 24,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $6.73 per share, for a total transaction of $161,520.00. Following the transaction, the director now directly owns 30,403 shares in the company, valued at $204,612.19. The trade was a 374.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.45% of the stock is owned by insiders.

Analysts Set New Price Targets

UEIC has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com downgraded Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st.

Universal Electronics Trading Down 3.7%

Shares of NASDAQ UEIC opened at $7.04 on Friday. The company has a market cap of $92.72 million, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44. Universal Electronics Inc. has a 12-month low of $4.32 and a 12-month high of $12.64. The stock’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $8.62.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, February 20th. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The business had revenue of $110.45 million during the quarter, compared to analyst estimates of $102.47 million. As a group, equities analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.